IHS Chemical Week

People & Business :: Earnings/Finance

Gevo offering raises $22.6 million

8:32 AM MST | December 17, 2013 | Rebecca Coons

Gevo, Inc.(Englewood, CO) announced today that it has closed its previously announced public offering of 18,525,000 common stock units at $1.35 per unit. Each common stock unit consists of one share of common stock and a warrant to purchase one share of common stock, which are immediately separable and were issued separately. Gevo also issued warrants to purchase an additional 2,778,750 shares of common stock pursuant to the exercise of an over-allotment option granted to the underwriter. The aggregate net proceeds to Gevo offering are expected to be...

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